Food & beverage industry, one of the most prominent areas driving economies in several regions, will remain the predominant contributor to the bagging equipment market growth. Growth in the consumption of processed and packaged foods over the recent past has been cited among the key drivers of bagging equipment market.

The soaring demand for on-the-go food products from developed as well as emerging economies is expected to witness substantial growth, which in turn is expected to translate into high demand for efficient packaging solutions such as bagging equipment.

Bagging Equipment Market: FMI’s Key Findings

Standalone bagging equipment is projected to create a high incremental opportunity during the forecast period. This can be attributed to the significant price difference between standalone bagging equipment and integrated bagging line.

The Asia Pacific bagging equipment market is expected to be driven by the strong export orientation and manufacturing capabilities of China and India. Increasing consumption at a consumer level is anticipated to escalate the demand for food service disposables in the region, which is expected to ultimately drive high demand for bagging equipment in export-led economies.

Moreover, growth of the manufacturing sector is expected to further propel the demand for bagging equipment in the region. One of the key reasons for growth in manufacturing activities is government support towards localizing manufacturing through various incentives and regulations.